A car loan is a secured loan where the lender finances the car that you want to purchase. You need to pledge any asset to avail of the loan you get back after the term ends and successful repayments.
You can arrange such a vehicle loan for both personal and business purposes. Myloansboat gives you the freedom to get the car loan for either purpose and choose your own loan term. However, you will acquire ownership of the vehicle and the responsibility to repay the loan under the agreed period.
Here are a few things that you need to consider while looking for the loan:-
Purchasing your loved car is like a dream for you. Our personalised offers on car loans in Ireland will convert your dream into reality.
Car loan interest rates can vary depending on several factors. The loan amount you prefer, the repayment duration you choose, and the type of car (new or used) you select will affect the rates. For this reason, get pre-qualified to check the rates you can get and determine if it is feasible.
| Credit score range | Typical APR for new car | Typical APR for used car |
|---|---|---|
| Excellent (781 – 850) | 3.5% to 5% | 4% to 6% |
| Good (661 – 780) | 5% to 7.5% | 6% to 9% |
| Fair (601 – 660) | 7.5% to 10.5% | 9% to 13% |
| Poor (501 – 600) | 10.5% to 15.5% | 13% to 20% |
** This table has been given for reference. The actual figure might vary depending on individual circumstances.
While you compare car loans in Ireland, you want a one-stop shop where you can save your precious time and money. We provide you with that platform where you can choose among the varieties of car loans with wide applicability. We want to listen to your requirements and arrange the best settlement suit to your personal ends.
We have three types of car loans, which we think fulfil your requirements. These are:
Personal car loans provide significant funding while purchasing a car of any price. These loans are available for both new and old cars. With these loans, individuals with any financial capacity and status are able to buy a car of their likings. Yet, advise you not to purchase a car beyond your ability or need a heavy loan for this.
Loan Amount: €1000 - €50000
Loan Term: 12 Months - 60 Months
We have a variety of business car loans to choose from according to your affordability. The most significant thing about our loans is that you can get a business car loan with no personal guarantee. Your loan affordability will work for you to get the loans according to your commercial needs.
Loan Amount: €5000 - €70000
Loan Term: 12 Months - 84 Months
Bad credit is not a barrier to avail of any of our loan deals, and car loans are not an exception in this regard. We are one of the most reliable private lenders in Ireland to get small car loans for bad credit. You get these loans that have included riskier borrowers with special terms.
Loan Amount: €1000 - €25000
Loan Term: 12 Months - 60 Months
Have you decided the type of car loan you want to apply?
Get a Free Loan QuoteNowadays, obtaining car loans for bad credit in Ireland is not tricky at all. A vast population there belongs to the bad credit category. Earlier, poor credit meant a clear rejection of the loan application, but it has changed a lot.
Myloansboat remains optimistic about the financial capacity of these individuals. They have bad credit may be because of unavoidable circumstances. They now have multiple options to choose from during the time of purchasing a car.
Two options come primarily to get loan for a car with bad credit. These are unsecured personal loans and car loans. Both these options can fulfil your purpose of car purchase. Continue to read below what features they have in different circumstances.
Car Loans |
Unsecured Personal Loans |
|---|---|
| It is largely a secured loan | No collateral is needed |
| A large amount can be availed | Usually considered to fill the funding gap while buying a car |
| Comparatively lower interest rates | Slightly higher interest rates |
| It can be used for business purpose | It is generally applicable for personal cars |
| Loan term up to 84 months | The maximum loan term is 60 months |
| Available to insured cars only | It can be borrowed for any car |
If you want to know more about our unsecured personal loans, you can click here.
You must have made a lot of plans while purchasing the vehicle. One of them is managing the car cost. You need a car, that is for sure, but do you have enough savings to purchase it? You can make any plan, but the problem is your bad credit score. Still, there is nothing to worry about as you already have our small car loans for bad credit.
These car loans from direct lenders in Ireland have come up as a hope. It is especially when traditional lenders are still stuck on their stringent norms. We are flexible, and the ideal example of car loans for bad credit with no credit check.
Yes, we do not check the credit score upfront of the borrowers if they are performing well in their recent financial commitments. We can consider your car loan application with no credit assessment if you are applying for the first time. However, you need to show your loan affordability.
Besides the no credit check factor, we have a lot of advantages on bad credit car loans:-
At Myloansboat, we have assisted many Irish citizens in their car purchases and saved thousands of Euros. We aim to satisfy our customers so that they feel comfortable with our outstanding lending. You can compare car loans in Ireland with ours, and you will find our rates quite competitive in the market.
If you are confused, we have experienced car loan consultants who can guide you without charging any amount. With us, you can get approved for car loans with bad credit. We have personalised our lending for every borrower so that you can have car loan deals that suit your budget.
During making the loan decision, you still need to ask a few questions before yourself. These include:
What is your credit score?
Despite soft or no credit check, you should know your credit score and share it with us for easier access to financing. We need this to prepare affordable loan deals that are having a positive impact on your credit profile.
Do you want new or used car loan?
You should decide well before purchasing a new car or a used one according to your budget. We suggest you buy only that vehicle whose price is manageable. You can even consider taking advantage of the used car finance options available with us. When buying a used car, check its age, which ideally should not be older than 10 years.
Which asset to put as the loan security?
If you look for a secured car loan, you should be clear in your mind about the asset to pledge. You can choose any, but you may lose its possession if you default between the loan terms.
Does the lender offer variable interest rate?
You should confirm whether a lender is providing a variable interest rate on car loans or not. If yes, then use the car loans calculator to judge the better rates for you.
Many individuals prefer major lending institutions for financing their cars. The best example of it is car loans from Credit Union. Indeed, many advantages are there to approach these conventional lenders, but on one point, private lenders like us score more on them.
We have a straightforward online car loan application procedure, which anyone can follow quickly. Everything is quick, with quality lending is already there. The steps are easy to follow and do not involve any complications.
1. Tell us About Yourself
Fill out an online application form on our website to tell us about your personal details. All the details are safe and secure with us.
2. Speak to Our Car Loan Representative
One of our representatives will call you quickly. Share everything with him about which car you want to purchase, its price and the desired loan amount.
3. Receive a Quick Loan Quote
Once everything is communicated between you and our representative, we instantly send an obligation-free loan quote to your email id. It will include the final interest rate and loan amount.
4. Get an Instant Loan Approval
Once we receive your confirmation on the loan quote, we straightway approve your loan application without any hassle.
5. Receive Your Funds
We do not delay the fund disbursal for you. We release the funds on the same day of the application submitted to your registered bank account.
Buy your dream car now through the way of our personalised fast car loans offers. It does not matter you are buying a new car or old car from a car dealer or a private seller. We can help you with better interest rates and loan terms.
Have you decided on your car? Time is to decide our loan deals too. Apply now…
Well, you do not have to wait for long to get the approval. Our same day funding feature is for everyone irrespective of their employment status. We work with technology-driven lending where the process takes a maximum of 24 hours to complete.
Yes, you can make advance payments to decrease your loan term. However, after completing two years, you can do this, and we do not charge for early repayments.
It can be, or it can be not, because your present financial circumstances and capacity will decide on it. However, you have all the options open with us.
Not at all. You can get loans for the car belonged to any manufacturing company. The most significant thing is the car price and affordable loan amount.
You have multiple reasons to choose us as your car loan provider in Ireland. Some of these include:-
The age limit provided for these loans is from 18 to 60 years. Besides, you must be a permanent resident of Ireland. Your income source should be stable enough to afford repayments. Lastly, you must be a bank account holder.
With us, you can get no deposit car loans in Ireland. Read our loan fine print to understand how you can manage to get a loan without a deposit. However, to enhance your approval chances, you can talk to us about providing a deposit.
You must provide proof of identity, such as your passport or driver's license, as well as proof of address and income, including pay slips. As additional documents, you need to showcase three to six months' bank statements and employment details, such as employer details, length of employment, etc. Lastly, details of the car you want to purchase should also be provided.
We do not unnecessarily delay the processing of your loan request. Receive a quick update on the loan application status from our end. If everything is in order with your application, you can receive funds as soon as possible, possibly even within a day, directly into your bank account.
Yes, if paying in advance seems possible from your end, go ahead, as we will have no problem with that. Get in touch with us to understand how it would work so that you can pre-pay without accepting any additional financial burden.
We accept any source of income that can confirm timely payments of loans. Thus, you do not have to be someone who is earning from direct employment only. In case of self-employment, share your income statements for at least six months. You can apply while receiving a pension or part-time income as well.
Avoid paying off loans late, as this can harm your finances. We will have to impose late charges once payments are defaulted. If you ever feel that repaying is difficult, please discuss with us. We will provide you with some buffer time.